No Compromise Clause Samples
The No Compromise clause establishes that neither party waives or relinquishes any of their rights or claims under the agreement unless explicitly stated. In practice, this means that actions such as accepting late payments or failing to enforce a provision do not constitute a waiver of rights or acceptance of altered terms. This clause ensures that parties retain their full legal rights and remedies, preventing inadvertent loss of rights due to informal conduct or oversight.
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No Compromise. Gas Party shall not release, terminate, exchange, assign, or in any manner compromise Coal Party’s claims to Coal Interests in the Pennsylvania Mine Area without the prior written approval of Coal Party. Coal Party shall not release, terminate, exchange, assign, or in any manner compromise Gas Party’s claims to Coal Gas within the Pennsylvania Mine Area without the prior written approval of Gas Party.
No Compromise. Northgate shall not, and shall cause the Northgate Subsidiaries not to, settle or compromise any claim brought by any present, former or purported holder of any securities of Northgate in connection with the transactions contemplated by this Agreement prior to the Effective Time without the prior written consent of Primero.
No Compromise. Primero shall not, and shall cause the Primero Subsidiaries not to, settle or compromise any claim brought by any present, former or purported holder of any securities of Primero in connection with the transactions contemplated by this Agreement prior to the Effective Time without the prior written consent of Northgate.
No Compromise. The Indemnifying Party shall not compromise and settle or cause a compromise and settlement of any Third Party Claim without the prior written consent of the Indemnified Party, unless:
a) the terms of the compromise and settlement require only the payment of money and do not require the Indemnified Party to admit any wrongdoing or take or refrain from taking any action; and
b) the Indemnified Party receives, as part of the compromise and settlement, a legally binding and enforceable unconditional satisfaction or release, which is in form and substance satisfactory to the Indemnified Party, acting reasonably, from any and all obligations or liabilities it may have with respect to the Third Party Claim.
No Compromise. Vitran shall not, and shall cause the Vitran Subsidiaries not to, settle or compromise any claim brought by any present, former or purported holder of any securities of Vitran in connection with the Arrangement prior to the Effective Date without the prior written consent of Purchaser, which will not be unreasonably withheld.
No Compromise. AuRico shall not, and shall cause the AuRico Subsidiaries not to, settle or compromise any claim brought by any present, former or purported holder of any securities of AuRico in connection with the transactions contemplated by this Agreement prior to the Effective Time without the prior written consent of Northgate.
No Compromise. The Indemnifying Party shall not be permitted to compromise and settle or to cause a compromise and settlement of any Third Party Claim, without the prior written consent of the Indemnified Party, unless:
(a) the terms of the compromise and settlement require only the payment of money and do not require the Indemnified Party, the Corporation or any of the Subsidiaries to admit any of the Subsidiaries to admit any wrongdoing or take or refrain from taking any action; and
(b) the Indemnified Party receives, as part of the compromise and settlement, a legally binding and enforceable unconditional satisfaction or release, which is in form and substance satisfactory to the Indemnified Party, acting reasonably, from any and all obligations or liabilities it may have with respect to the Third Party Claim.
No Compromise. Genco shall not, and shall cause the Genco Material Subsidiaries not to, settle or compromise any claim brought by any present, former or purported holder of any securities of Genco in connection with the transactions contemplated by this Agreement prior to the Effective Time without the prior written consent of Silvermex, which consent shall not be unreasonably withheld or delayed.
No Compromise. New Gold shall not, and shall cause the New Gold Material Subsidiaries not to, settle or compromise any claim brought by any present, former or purported holder of any securities of New Gold in connection with the transactions contemplated by this Agreement prior to the Effective Time without the prior written consent of Western.
No Compromise. Silvermex shall not, and shall cause the Silvermex Material Subsidiaries not to, settle or compromise any claim brought by any present, former or purported holder of any securities of Silvermex in connection with the transactions contemplated by this Agreement prior to the Effective Time without the prior written consent of Genco, which consent shall not be unreasonably withheld or delayed.